Microvast Holdings announces departure of chief financial officer
VANCOUVER - AGRIFORCE Growing Systems Ltd. (NASDAQ:AGRI) has made significant changes to its financial agreements and accounting team, according to a recent SEC filing. The company amended the fixed conversion price of its January 2025 Debentures to $1.90 in exchange for deferring the May 1, 2025, amortization payment. This adjustment, effective today, reflects the company’s efforts to manage its debt obligations more effectively.
In a separate development, AGRIFORCE announced a change in its independent registered public accounting firm. Marcum LLP resigned on April 25, 2025, following its acquisition by CBIZ (NYSE:CBZ) CPAs P.C. earlier in November 2024. Subsequently, with the approval of the company’s Audit Committee, CBIZ CPAs has been appointed as the new accounting firm.
The transition of accountants follows the release of Marcum’s audit reports for the fiscal years ending December 31, 2024, and 2023. These reports included an explanatory paragraph regarding concerns about the company’s ability to continue as a going concern, but did not contain any adverse opinions or qualifications related to accounting principles or auditing procedures. There were no disagreements or reportable events between AGRIFORCE and Marcum during the fiscal years and up to the date of resignation.
AGRIFORCE supplied Marcum with a copy of the filing for review before its submission to the SEC. Marcum agreed with the statements made in the filing, as evidenced by a letter dated May 1, 2025, which is included as an exhibit to the report.
This announcement is based on information from an SEC filing and provides a factual summary of the company’s recent corporate developments.
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